Bitcoin back at almost 50,000 euros


A bit of hiccups is part of it – everyone who has been in the crypto business for a long time knows that. In this case, hiccups mean that the prices of crypto assets crashed hard at the end of last week. Bitcoin fell from 48,000 to almost 43,000 euros, and many other values ​​in the market also felt the price correction – at least temporarily.

Because over the weekend and on Monday, the prices of BTC leveled off again at a significantly higher level. Bitcoin is trading at nearly 50,000 euros ($ 58,000) again and is slightly in the green. The all-time high that was reached on March 13th (52,395 euros) is therefore not that far away. The market capitalization of BTC is 919 billion euros and is not far from the trillion euros.

The fact that traders are in the mood to spend money on coins and tokens is also shown by a look at the exchange volumes. These are more than clearly in the plus compared to the previous day – a sign that the mood is good. As always, Tether (USDT) is the most traded token, followed by BTC and ETH.

Price correction for Bitcoin and other crypto assets continues

Ethereum and its rivals are growing again

The number two in the market, Ethereum (ETH), is doing particularly well at the moment. With a plus of 7 percent in the past 24 hours, ETH is back at more than 1,500 euros – here, too, the all-time high of 1,729 euros on February 20, 2021 is not far away.

The protocol or platform tokens are currently very popular with crypto investors. In addition to ETH, Polkadot (DOT) is also up by five percent, and exchanges on the network currently charge almost 30 euros per token. ADA, the token from Ethereum challenger Cardano, is also on the move, with more than 1 euro per token being charged. Not to be forgotten is Binance Coin (BNB) – the token should not only function as a discount token on the world’s largest crypto exchange, but also fuel transactions on the Binance Smart Chain (BSC) – here, too, an Ethereum competitor.

The newcomer Theta can stay in the top 10 of the crypto charts for a surprisingly long time. THETA trades more than 11 euros per token. The aim behind the platform is for video streaming to be decentralized in the sense of peer-to-peer – and participants in the network to be rewarded with tokens (Trending Topics reported).

Theta: Booming cryptocurrency wants to decentralize video streaming

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